MANILA, Philippines — Senate President Pro Tempore Ralph Recto has filed a bill that will impose taxes on licensed online cockfights and derbies.
Senate Bill No. 2045 seeks to amend the National Internal Revenue Code (NIRC) of 1997 to include the imposition of 18-percent amusement tax on the digital platform and offsite betting stations of licensed cockpits.
While cockpit operators are already subject to an 18 percent amusement tax based on gross receipts under the NIRC, Recto, in the bill’s explanatory note, said a “legal question” is raised whether the country’s existing tax laws also cover digital economic activities such as …
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